LenddoEFL

What LenddoEFL does

LenddoEFL is a Singapore-headquartered fintech company that builds alternative credit scoring and digital identity verification products for financial institutions serving underbanked and thin-file populations in emerging markets. Its solutions are designed for lenders that cannot rely on traditional credit bureau data because a large share of their target applicants have little or no formal credit history, and the company positions its offering as a way to convert behavioral, psychological, and digital signals into usable credit risk decisions.

The product suite is built on an AI and advanced analytics platform that ingests consent-based alternative data including psychometric questionnaire responses (structured around the "Big Five" personality traits framework), smartphone digital footprint data (contact lists, calendar entries, app installations, usage patterns), banking and utility payment histories, and behavioral signals. Core offerings include Credit Scoring products, a Psychometric Assessment for thin-file applicants, Digital Footprint Analysis, eKYC for mobile-based identity verification, and a proprietary Score Confidence algorithm that flags low-quality assessments via five indicators. The company claims to have assessed over 7 million people and facilitated more than $2 billion in loans across 20+ countries.

Commercially, LenddoEFL operates a B2B enterprise model targeting banks, microfinance institutions (MFIs), non-banking financial companies (NBFCs), and lenders, with regional presence in Singapore, Boston, the Philippines, and India. Revenue is generated through subscription-based recurring service agreements combined with per-transaction pricing on multi-year contracts, and the company has shifted from high upfront engagement fees toward lower initial costs with ongoing service charges. Distribution leverages direct enterprise sales alongside channel partnerships with credit bureaus (CTOS in Malaysia) and embedded integrations with banking platforms (RCBC in the Philippines, OCB in Vietnam). The company was formed in 2017 through the merger of Harvard-incubated Entrepreneurial Finance Lab and Singapore-based Lenddo.

Name

LenddoEFL

Legal name

LenddoEFL

Website

https://lenddoefl.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

LenddoEFL is a Singapore-based fintech that provides AI-driven alternative credit scoring, psychometric assessment, and eKYC identity verification to banks, MFIs, NBFCs, and lenders serving underbanked populations across 20+ emerging markets.

Ownership category

akta.pro rank

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Credit Scoring Software Solutions: B2B software solutions sold to financial institutions for credit risk assessment. LenddoEFL provides credit scores, verification services, and consumer insights to help lenders assess underbanked applicants. Revenue generated through service agreements with banks, MFIs, and other lenders.
2. Per-Transaction Pricing: The company recently simplified its pricing model, lowering upfront engagement costs in favor of recurring service charges. This allows value delivery immediately for cross-selling/upselling opportunities and ongoing basis rather than lump-sum upfront fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

LenddoEFL provides AI-driven alternative-data credit scoring and digital identity verification software to banks, microfinance institutions, NBFCs, and lenders operating in emerging markets. Its products combine psychometric assessments, smartphone digital-footprint analytics, and behavioral data to generate credit scores for thin-file and underbanked applicants, complemented by an eKYC solution and a proprietary Score Confidence data-quality layer. The company sells these capabilities to financial institutions on a subscription and per-transaction basis rather than directly to end consumers.

Product overview

LenddoEFL is a fintech company offering alternative credit scoring and identity verification solutions for financial institutions serving underbanked populations. The core offering consists of Credit Scoring Products and Psychometric Assessment, which use AI and advanced analytics to evaluate creditworthiness based on behavioral and psychological data rather than traditional credit histories. The company also provides eKYC (Electronic Know Your Customer) for digital identity verification and Score Confidence as a data quality assurance layer. These products work together to help lenders assess thin-file applicants who lack traditional credit records: psychometric assessments measure personality traits and financial decision-making, digital footprint analysis provides behavioral insights from mobile device data, eKYC enables remote identity verification, and Score Confidence ensures assessment integrity by flagging low-quality data.

Differentiator

Problem solved

Functional benefit

Products and services

• Credit Scoring Products
• Psychometric Assessment
• eKYC Digital Identity Verification

Quantifiable outcome

• Reduce loan defaults by 12% while increasing approvals by 15%
• +5 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Oxfam PilipinascoreStrategic or Co-development Partner · 1 February 2021LenddoEFL participated in Oxfam webinar for launch of B Ready study on disaster risk financing. The B Ready project focuses on digital weather forecasting and digital financial technology for disaster-prone communities in the Philippines.
• iDE Ghana (Sama Sama Social Enterprise)coreStrategic or Co-development Partner · 1 May 2020Partnership to deliver mobile-based credit risk model for sanitation loans in Ghana. Uses psychometrics-based predictive model to assess loan worthiness, reducing turnaround time from 2 weeks to 2 days and significantly growing the loan portfolio.
• Oxfam PilipinascoreStrategic or Co-development Partner · 1 January 2020Partnership for disaster recovery and financial inclusion. LenddoEFL provides eKYC digital identity verification solutions free of charge to support disbursement of funds to families displaced by disasters. Previously partnered in 2018 following Typhoon Ompong to streamline financial assistance to over 1,000 farmers in Cagayan province.
• RCBC (Rizal Commercial Banking Corporation)coreStrategic or Co-development Partner · 1 October 2019Partnership for end-to-end digital verification and authentication solution (eKYC) enabling unbanked Filipinos to open deposit accounts, apply for loans, and access financial services through RCBC's DiskarTech virtual bank in less than 5 minutes.
• CTOS Data SystemscoreChannel Partner/ Reseller/ Distributor · 1 April 2018Partnership with Malaysia's largest credit reporting agency to enable access to financing for Malaysian consumers with little to no credit history. Joint vision of financial inclusion combining CTOS's credit data with LenddoEFL's alternative credit scoring.
• OCB (Orient Commercial Bank)coreChannel Partner/ Reseller/ Distributor · 1 January 2018First bank in Vietnam to offer LenddoEFL's psychometric scoring solution to serve self-employed and salaried members who lack traditional financial and credit information.
• Juhudi KilimominorStrategic or Co-development Partner · 1 January 2018Kenyan microfinance provider testing LenddoEFL/EFL Global's psychometric assessment for smallholder farmers. Pilot funded by Mastercard Foundation showed clear risk discrimination between score quintiles.
• SupermoneyminorChannel Partner/ Reseller/ Distributor · 1 January 2018Vietnamese partnership for alternative credit scoring services.
• LodexminorStrategic or Co-development Partner · 1 January 2017Partnership with Australian marketplace to bring social scoring technology to Australia, helping consumers with lack of formal credit history create a credit story using digital footprint data.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Others

• Equifax: One of the three major global credit bureaus, offering credit reporting, scoring, and increasingly alternative data analytics. Compares to LenddoEFL as a large incumbent adding alternative-data layers to traditional bureau products for lenders.

Emerging players

• Provenir: AI-powered risk decisioning platform serving lenders and fintechs with real-time credit, fraud, and onboarding decisions. Comparable to LenddoEFL as a data-driven decisioning vendor to financial institutions, though focused on broader decisioning workflows rather than psychometric or thin-file specialization.
• Destacame: LATAM alternative credit data platform providing open-banking-based scoring and credit reports to consumers and lenders in Chile, Mexico, and Peru. Comparable to LenddoEFL's LATAM alternative scoring work, though focused on open banking rather than psychometric data.
• Zest AI: AI credit underwriting software that helps lenders use machine learning on alternative and traditional data to improve approvals and reduce losses. Comparable to LenddoEFL as an AI-native alternative-data credit decisioning vendor selling to banks and lenders.
• Tala: Mobile-data-based lending and credit platform focused on underbanked consumers in emerging markets (Mexico, Kenya, India, Philippines). Comparable to LenddoEFL for its alternative-data underwriting of thin-file consumers, though Tala lends on its own balance sheet rather than selling scoring infrastructure.
• NovaCredit: Cross-border credit data and scoring company that translates international credit histories for use by U.S. lenders, with expansion into emerging markets. Comparable to LenddoEFL as an alternative-data scoring platform helping lenders assess consumers outside traditional bureau footprints.

Broad incumbents

• Experian: Global credit bureau and information services company that has been expanding alternative data and emerging-market credit capabilities. Comparable to LenddoEFL in serving FI clients with credit scoring and decisioning, but operates as a broad incumbent across consumer and commercial credit worldwide.
• TransUnion: Global information and insights company, including credit reporting and emerging-market analytics through subsidiaries such as CIBIL. Comparable to LenddoEFL in serving lenders with credit risk data, particularly in emerging markets like India where TransUnion CIBIL has strong reach.
• FICO: Long-established credit scoring and analytics provider to banks and lenders globally, including FICO Score and decisioning suites. Comparable as a foundational credit-scoring provider whose offerings lenders compare against LenddoEFL's alternative scoring proposition.

Direct peers

• Cignifi: Mobile behavioral data scoring provider for emerging market lenders, using telecom and smartphone signals to assess credit risk. Closest direct peer to LenddoEFL in combining alternative data, emerging-market focus, and B2B scoring-as-a-service for financial institutions.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• Xx.com/LenddoEFL
• Facebookfacebook.com/LenddoEFL
• LinkedInlinkedin.com/company/lenddoefl

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LenddoEFL